Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) Announces Dividend Increase – $0.42 Per Share

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE:SPXX) declared a quarterly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.4215 per share by the investment management company on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, June 15th. This is a 24.9% increase from Nuveen S&P 500 Dynamic Overwrite Fund’s previous quarterly dividend of $0.34.

Nuveen S&P 500 Dynamic Overwrite Fund Stock Down 0.3%

Shares of Nuveen S&P 500 Dynamic Overwrite Fund stock opened at $18.37 on Tuesday. Nuveen S&P 500 Dynamic Overwrite Fund has a twelve month low of $15.78 and a twelve month high of $18.45. The firm’s 50-day moving average price is $17.28 and its 200 day moving average price is $17.58.

About Nuveen S&P 500 Dynamic Overwrite Fund

Nuveen S&P 500 Dynamic Overwrite Fund (NYSE: SPXX) is a closed-end management investment company that seeks to provide attractive current income and total return potential through a dynamic options strategy. The fund primarily holds a portfolio of large-cap U.S. equities, corresponding closely to the constituents of the S&P 500 Index. In conjunction with its equity holdings, SPXX employs a covered-call, or “overwrite,” approach, writing call options on the underlying equity positions with varying strike prices and maturities to generate option premiums and enhance income for shareholders.

Launched and managed by Nuveen, the asset management arm of TIAA, the fund leverages Nuveen’s extensive experience in equity and options markets.